When Rachel Reeves announced a temporary cut in VAT from 20 per cent to five per cent for family attractions and children’s dining over the summer holidays, the hospitality and leisure sectors broadly welcomed it. The scheme runs from 25…
Inheritance Tax (IHT) is paid on all items of your estate after you pass away if you exceed certain thresholds. Whilst many people focus on their savings, properties and investments, the items you own, commonly referred to as personal chattels,…
Chancellor Rachel Reeves announced an increase in HMRC’s approved mileage rates for cars and vans from April 2026 for the first time since 2011 in a speech to the House of Commons in May. This news comes as a surprise…
Weak economic growth and tighter regulations on lenders are to blame for the largest drop in bank lending to UK businesses in 30 years, according to new data. A study conducted by Boston Consulting Group showed British bank loans to…
Rumours were flying this week that HMRC announced a 22 per cent tax on your ISA if you are holding uninvested cash. This has since been described by the treasury as ‘nonsense’.
When Rachel Reeves announced a temporary reduction of VAT from 20 per cent to five per cent for family attractions and children’s dining over the school summer holidays, the response from the hospitality and leisure sectors was generally warm.
With summer coming soon, many people are looking for ways to earn some extra cash.
It is a very strange time for UK businesses at the moment, as the economic forces at play seem to be entirely unpredictable.
There are two things that are certain in this life: death and taxes. So why is it that you hear different tax advice from influencers, accountants and your mates down the pub? That would be because some people give tax…
Recession is one of those words that tends to stop business owners in their tracks and right now, it is being mentioned more and more in the press and conversations with clients.
A new headline finding from YouGov this month has found that 47 per cent of Britons would support a tax on work done by AI – with only 20 per cent opposed to such a tax.
Employers are facing growing uncertainty over the future of salary sacrifice pension schemes following the Government’s decision to introduce a £2,000 annual cap on National Insurance (NI) relief for pension contributions made through salary sacrifice. Although the cap will not…
Employers’ predictions seem to be coming true as National Insurance Contributions (NICs) have skyrocketed to £28 billion, exceeding the Government’s original forecast of £23.9 billion. On 6 April 2025, the employer NIC rate increased from 13.8 per cent to 15…
Rising costs seem to be coming at UK businesses from all directions, resulting in many difficult financial decisions needing to be made. New research by the Liquidation Centre found that some employers are opting for job cuts to manage these…
For sole traders, self-employed individuals and landlords with gross incomes exceeding £50,000 from self-employment or property, you are now mandated to abide by Making Tax Digital (MTD) for Income Tax regulations. Applied from 6 April 2026, these new responsibilities require…